Here’s what Badenhausen had to say about Maria Sharapova, who topped the list once again with $24.4 million earned.

“Williams has won almost double the career prize money and holds a 62-31 edge in career titles, but she can’t touch Sharapova when it comes to sponsorships. Sharapova’s massive endorsement haul pushes her to the top of our list of the world’s highest-paid female athletes for the 10th straight year with earnings of $24.4 million between June 2013 and June 2014.”

Sharapova earned a remarkable $22 million from endorsements, which is more than double Williams and any other woman in the top 10, except for Li Na, who is nipping at Sharapova's money-earning heels with an impressive $18 million earned from endorsements:

Others making the list are:

2. Li Na, $23.6 million ($18 million from endorsements)
3. Serena Williams, $22 million ($11 million from endorsements)
6. Victoria Azarenka, $11.1 million ($7.5 million from endorsements)
7. Caroline Wozniacki, $10.8 million ($9.5 million from endorsements)
8. Agniezka Radwanska, $ 6.8 million ($3 million from endorsements)
9. Ana Ivanovic, $6.4 million ($5 million from endorsements)